Berlin - you need to have a good look at OZL's balance sheet. In comparison, Kagara was in debt with all sorts of debt facilities in place that it could not meet - OZL is a very different entity - simply put, OZL has a large cash balance with no debt. The copper price and deteriorating global macros are primary factors that are leading to OZL's fall. It's no orphan. I came close to initially entering today under 5.2 but I am also concerned over an impending market correction which niggles me.
- Forums
- ASX - By Stock
- OZL
- $5??
$5??, page-70
-
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)